By Morgan Nimmons on May 31, 2016 2:00:00 PM
Implementing quality credit control procedures are vital to a company’s ability to keep track of their cash flow. However, whenever there is human intervention involved with any kind of data entry, there are bound to be mistakes, delays and unexpected occurrences which we discussed in a previous post.
How can such issues with manual credit control procedures be resolved? With automation of course! Rather than explain in a lengthy passage on how an automated credit control procedure would look like, we provided an example of an automated six step process that eliminates the need for employee involvement.
It is best to note that the infographic below is just one approach of how an automated credit control procedure can look like. With our solution, you may have your ideal process according to your business rules.